The decision means, in essence, that the cartel is stepping back from its near-monopoly role and letting the market decide how much oil should be worth, uninterrupted by the sheikhs.
This approach, which became known as "critical theory," yielded influential critiques of large corporations and monopolies, the role of technology, the industrialization of culture, and the decline of the individual within capitalist society.
For many years, the University of Mississippi has had a monopoly on that role as the sole D.E.A.-approved provider of marijuana, and researchers have long complained that the supply of the drug was grossly inadequate, stymying efforts to establish whether marijuana is an effective treatment for many diseases.
I wanted to open a public debate about tech monopolies and their role in the digital ecosystem.
Finland's economy is based primarily on private ownership and free enterprise; in some sectors, however, the government exercises a monopoly or a leading role.
In gambling, for example, dice or craps players sometimes instinctively feel that if they roll the dice hard, they'll get higher numbers, and if they do it gently, they'll get lower numbers – you may even have unconsciously done this yourself while, say, playing Monopoly and hoping to role a certain number to land on a desirable property.
The posh don't have a monopoly on ill-fitting roles: I don't think Paul Dacre is particularly posh and Rupert Murdoch, being Australian, is off the whole posh/not posh graph.
After the composer's death Arbell pursued his widow and publishers through the law courts, seeking to secure herself a monopoly of the leading roles in several of his late operas.
He said green and social levies only make up 9% of the bill and ministers should instead consider the role of the monopoly network firms, such as National Grid, whose charges now make up 20% of the total.
In contrast, the power that arises from being a monopoly plays a more important role in forming inter-industry income gaps (Ren and Zhou 2009; Zhang and Chen 2008).
